Surface

Lower build rates, temporary plant shutdowns and reduced gross margins cut profit for truck maker Paccar 91 percent in the first quarter to $26.3 million, the company said.

Truckload carrier Celadon lost money for the first time in more than seven years, dropping $2.1 million in the quarter ending March 31.

Just as it looked as though trucking was beginning to recover from the recession, tonnage dropped steeply in March.

The average price for a gallon of diesel fuel fell 2 cents last week to $2.201, according to the U.S. Energy Information Administration.

The Childrens Investment Fund Management, the aggressive hedge fund that last year waged a fierce and successful fight to install new directors on the CSX board to reshape the railroad, no longer hold

Standard & Poor's Ratings Services on Friday revised its CreditWatch implications for YRC Worldwide from positive to negative.

WABCO Vehicle Control Systems, a supplier of safety and control systems for commercial vehicles, lost $36.4 million in the first quarter as demand for new commercial vehicles declined worldwide.

Truckload carriers intent on making it to the other side of the recession are taking cues from the economy and new trends in shipping by focusing on short-haul lanes.

Freight railroads are eager to climb aboard the Obama administration’s plan for high-speed passenger rail.

Building cross-industry coalitions in Washington is more crucial than ever to getting favorable legislation passed, but transportation interests must be careful not to alienate potential partners — ev

Closing the gap between fuel surcharges and actual fuel costs is a priority for shippers and truckers still feeling the sting from last summer’s roller-coaster ride at the pump.

Challenger Motor Freight, the largest privately owned truckload carrier in Canada, opened an expanded terminal in British Columbia.

Regional trucking specialist Saia announced a new round of cost reductions Friday after reporting a $6.3 million loss in a first quarter marked by declining demand and falling prices.

Burlington Northern Santa Fe profits in the first quarter fell 36 percent to $293 million as freight volume declined dramatically and an unfavorable coal rate case decision slashed revenue.

Trucking giant YRC Worldwide lost $257.4 million in the first quarter as shipment volumes dropped at its carriers and throughout the less-than-truckload industry.

Transportation and logistics giant Con-way lost $154 million in the first quarter, including a goodwill impairment charge of $134.8 million, as a result of intense price competition and plummeting dem

Consol Energy, signaling a weakening market for coal shipping this year, cut its production forecast for the year because of reduced demand.

First-quarter profit at Old Dominion Freight Line dropped nearly 62 percent as weakening demand and lower prices took their toll on the multi-regional LTL carrier’s profits.

Hub Group profits in the first quarter plunged 52.6 percent to $6.2 million as volumes decreased and costs remained high.

Sharp decreases in operating costs at Union Pacific couldn’t put the brakes on a runaway first-quarter decline in railroad revenue and profit that threatens to gain speed as volumes plummet.

Canadian Pacific Railway profits fell 31 percent in the first quarter to $50.9 million.

For the fourth consecutive week, U.S.

GATX Corporation profit fell 42 percent to $27.6 million in the first quarter as demand for railcars and barges declined, depressing both fleet utilization and lease rates.

Profit at UPS Supply Chain and Freight, which includes the express parcel carrier’s heavy package, less-than-truckload division, plunged 64.6 percent to $40 million in the first quarter as trans

Truckload carrier Knight Transportation increased its profit 2.9 percent in the first quarter to $11.7 million, with strong brokerage and refrigerated business offsetting steep declines in core trucki

YRC Worldwide regional less-than-truckload carrier USF Holland closed terminals, including its Holland, Mich. terminal, due to weak freight demand.

W.

A former regulator at the Surface Transportation Board, W.

Trucking and logistics management company Ryder System on April 22 reported an 88 percent plunge in first-quarter earnings as the recession and falling cargo volume spread to its fleet management busi

North American trucking and logistics firm Vitran reported a net loss of $2.4 million on revenue of $139.6 million for the quarter ended March 31, 2009.

Less-than-truckload giant Arkansas Best lost $29 million in the first quarter due to plummeting freight demand and falling rates pared down by intense competition.

Profit at one of the largest eastern-U.S.

C.H. Robinson’s net income decreased 1.1 percent to $85.4 million in the first quarter as its non-asset based business model helped offset weak demand and highly competitive truck rates.

Marten Transport profit jumped 52.8 percent to $4.1 million in the first quarter despite falling revenue in the stalled economy.

An appeals court found that FedEx Ground drivers at two Massachusetts terminals were independent contractors instead of employees and therefore outside the jurisdiction of the National Labor Relations

An aged BNSF Railway bridge on the Upper Mississippi River, which the Coast Guard considers a hazard to barge traffic and other navigation, will be rebuilt with the aid of Recovery Act funds.

Caterpillar lost $112 million in the first quarter after a restructuring charge of more than half a billion dollars.

Claude Mongeau will replace E. Hunter Harrison at the end of this year as president and CEO of Canadian National Railway, the company said.

Forward Air lost $3.1 million in the first quarter as the company saw accelerating declines in its core air freight trucking volume and took an impairment charge to meet the deteriorating market.

The Ninth Circuit Court of Appeals dismissed a lawsuit filed by the Owner-Operator Independent Drivers Association, the Teamsters Union, Public Citizen and others against the U.S.